Home Insurance in Niagara Falls, New York
The median home value in Niagara Falls is $115,300, 39% lower than the Niagara County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Niagara Falls was built around 1949. About 75% of homes were built before 1960, about 21 points above Niagara County's 53%.
Housing in Niagara Falls breaks down to 63% single-family homes, 12% apartments in buildings with 5+ units and 2% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
50% of owner-occupied homes in Niagara Falls carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Niagara Falls has an owner-occupancy rate of 58% and a vacancy rate of 13%; unoccupied homes typically need a different coverage form.
Most homes in Niagara Falls - 84% - are primarily heated with natural gas.
FEMA rates Niagara County's overall risk as Relatively Moderate, led by inland flooding (Relatively Moderate). Niagara County had 509 active NFIP flood policies as of September 2026. See the full Niagara County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in New York carries a statewide average premium of $1,801 per year.
Key figures
| Median home value | $115,300 |
|---|---|
| Median year built | 1949 |
| Owner-occupied share | 58% |
| Share of owner-occupied homes with a mortgage | 50% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Niagara County | 509 |
| Home insurance premium | $1,801 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)